<SEC-DOCUMENT>0000950142-24-001284.txt : 20240507
<SEC-HEADER>0000950142-24-001284.hdr.sgml : 20240507
<ACCEPTANCE-DATETIME>20240507073338
ACCESSION NUMBER:		0000950142-24-001284
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240507
DATE AS OF CHANGE:		20240507

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CROWN CASTLE INC.
		CENTRAL INDEX KEY:			0001051470
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				760470458
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16441
		FILM NUMBER:		24919627

	BUSINESS ADDRESS:	
		STREET 1:		8020 KATY FREEWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024
		BUSINESS PHONE:		7135703000

	MAIL ADDRESS:	
		STREET 1:		8020 KATY FREEWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROWN CASTLE INTERNATIONAL CORP
		DATE OF NAME CHANGE:	19971215
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
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<DESCRIPTION>DEFA14A
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Proxy Statement Pursuant to Section 14(a)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of the Securities Exchange Act of 1934</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Amendment No.&nbsp; )</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by the Registrant&nbsp; <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by a Party other than the Registrant&nbsp; <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box:</P>

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    <TD STYLE="width: 5%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt">Preliminary Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Definitive Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Definitive Additional Materials</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting Material Pursuant to &sect;240.14a-12</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="border-bottom: black 1pt solid; width: 100%; text-align: center"><FONT STYLE="font-size: 12pt"><B>Crown Castle Inc.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Name of Registrant as Specified In Its Charter)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Payment of Filing Fee (Check all boxes that apply):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT></TD>
    <TD STYLE="width: 95%">No fee required</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></TD>
    <TD>Fee paid previously with preliminary materials</TD></TR>
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    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></TD>
    <TD>Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11</TD></TR>
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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Crown Castle&rsquo;s Highly Qualified Board of
Directors is Driving Strategic Actions to Enhance Value</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Refreshed Board Has Deep Expertise in Telecom,
Towers and Fiber Industries as well as C-Suite and Investment Professional Experience </I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Boots Capital Nominees Lack Additive Skills</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Crown Castle Urges Shareholders to Vote &ldquo;FOR&rdquo;
ONLY Crown Castle&rsquo;s 12 Director Nominees on the <B><U>WHITE</U></B> Proxy Card or Voting Instruction Form</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">HOUSTON, May 7, 2024 (GLOBE NEWSWIRE) &ndash; Crown Castle Inc. (NYSE:
CCI) (&ldquo;Crown Castle&rdquo; or the &ldquo;Company&rdquo;) today sent a letter to shareholders in connection with its upcoming 2024
Annual Meeting of Shareholders (the &ldquo;2024 Annual Meeting&rdquo;) scheduled for May 22, 2024. Shareholders of record as of the close
of business on March 28, 2024 are entitled to vote at the 2024 Annual Meeting.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">The full text of the letter follows and can be found at <FONT STYLE="color: #0563C1"><U>www.VoteCrownCastle.com</U></FONT>,
along with Crown Castle&rsquo;s definitive proxy statement and other materials regarding the Board of Directors&rsquo; recommendations
for the 2024 Annual Meeting.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>VOTE THE <U>WHITE</U> PROXY CARD OR VOTING INSTRUCTION
FORM TODAY &ldquo;FOR&rdquo; ONLY THE 12 CROWN CASTLE HIGHLY QUALIFIED DIRECTOR NOMINEES</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Dear Fellow Shareholders,</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Crown Castle has a strong, highly qualified Board that is meaningfully
refreshed and has the relevant skills to oversee the execution of our strategy. At Crown Castle&rsquo;s 2024 Annual Meeting, Ted Miller,
along with Boots Capital Management, LLC (&ldquo;Boots Capital&rdquo;), is attempting to replace four of the Company&rsquo;s highly qualified
nominees with his own nominees, whose skillsets and perspectives are not additive and do not reflect current industry dynamics and the
competitive ecosystem. <B>We urge you to vote the <U>WHITE proxy card or voting instruction form today</U> &ldquo;FOR&rdquo; ONLY Crown
Castle&rsquo;s 12 highly qualified director nominees to continue the important progress underway.</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>CROWN CASTLE&rsquo;S DIRECTORS HAVE DEMONSTRATED
THAT THEY ARE EFFECTIVE CHANGE AGENTS WHO ARE SUCCESSFULLY EXECUTING VALUE-ENHANCING INITIATIVES</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">The Board is taking decisive actions to build a stronger and more valuable
Crown Castle, including:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Appointing 25+ year tower industry veteran Steven J. Moskowitz</B> as President and CEO following a robust search process.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Advancing its comprehensive strategic and operating review</B> of Crown Castle&rsquo;s fiber and small cell business to identify
the most value-maximizing path forward for shareholders.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Strengthening the Board by appointing four new independent directors</B> over the past year and seven of our current 11 independent
directors since 2020, all of whom bring valuable experience, skills, and perspectives that drive forward Crown Castle&rsquo;s short- and
long-term objectives.</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>CROWN CASTLE&rsquo;S BOARD HAS PLACED AN EMPHASIS
ON REFRESHMENT TO ENSURE A</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>BALANCE OF PERSPECTIVES BETWEEN LONGER-TENURED
DIRECTORS AND NEWER DIRECTORS</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">The Crown Castle Board of Directors takes a thoughtful and rigorous approach
to its refreshment process, focusing on criteria most additive to the Board &ndash; including experience, expertise, and skillsets &ndash;
geared toward safeguarding and enhancing shareholder value. At the same time, we balance our refreshment plans by allowing our newly appointed
directors to leverage the institutional knowledge of our legacy directors, which we believe is integral to successfully overseeing the
Company.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Since 2020, we have appointed seven of our current 11 independent directors
with expertise across telecom, towers, and fiber industries; real estate and REIT; meaningful experience as C-Suite executives and directors
in highly regulated industries; and critical perspectives as leading investment professionals. Our current Board composition reflects
an average tenure of 5.7 years, is 54% diverse, and has an average age of 59 years old.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>BOOTS CAPITAL IS SEEKING TO REPLACE AND ELIMINATE
SIGNIFICANT AND RELEVANT EXPERTISE THAT OUR CURRENT DIRECTORS BRING TO THE BOARDROOM</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Boots Capital is seeking to replace four directors who are integral members
of our Board: P. Robert Bartolo (Chair of the Board since 2022), Ari Fitzgerald, Cindy Christy, and Kevin Kabat. If successful, Boots
Capital&rsquo;s nominees would eliminate significant and relevant expertise brought by these current directors.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><I>P. Robert Bartolo</I></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>Deep knowledge of the telecom industry from a shareholder perspective</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><U>Experience and Expertise</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Provides valuable shareholder perspective as a former Portfolio Manager and the former Executive Vice President of T. Rowe Price&rsquo;s
largest mutual fund at the time, the Growth Stock Fund, growing it from $32B to $60B</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Leading voice in the telecom investment universe, twice being named by <I>Institutional Investor</I> magazine as the best buy-side
telecommunications analyst</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Critical understanding of Crown Castle and the Company&rsquo;s ongoing strategic transformation, as the Board Chair and the Chair
of the Fiber Review Committee</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>&ldquo;[Rob&rsquo;s] <B><U>investor perspective and his work in the
telecommunications space</U></B> will further strengthen [the Cable One] Board&rsquo;s depth of expertise and diversity of thought.&rdquo;</I>
&ndash; Julie Laulis, President and CEO of Cable One<FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>1</SUP></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>




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<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>1</SUP></FONT></TD><TD>Cable One Company Filing &ndash; &ldquo;P. Robert Bartolo Joins
the Cable One Board of Directors&rdquo; (August 18, 2023)</TD>
</TR></TABLE>
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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><I>Ari Fitzgerald</I></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>Extensive proficiency in the wireless regulatory &amp; legal environment</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><U>Experience and Expertise</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Integral understanding of both Crown Castle and the broader industry, as Leader of Hogan Lovells&rsquo; Communications, Internet and
Media practice</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Significant understanding of regulatory issues facing Crown Castle as a former Deputy Chief of the International Bureau and Legal
Advisor to the Chairman of the Federal Communications Commission (&ldquo;FCC&rdquo;)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Widely respected industry participant as one of the only three attorneys to have ever been inducted into the Wireless History Foundation&rsquo;s
Wireless Hall of Fame</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>&ldquo;Ari Fitzgerald is very dialed-in to us as a client as well as
to the wider market and legal landscape. <B><U>He has an excellent strategic mind</U></B>, which we value.&rdquo;</I> &ndash; USA-based
Telecom, Broadcast &amp; Satellite client<FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>2</SUP></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><I>Cindy Christy</I></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>Keen insight into evolving dynamics of the modern wireless industry</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><U>Experience and Expertise</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Gained a deep understanding of Crown Castle and the broader tower and fiber industries over a more than 25-year career as an executive
in the telecommunications and high-technology sectors</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Provides a wealth of industry knowledge from her role as Director and Treasurer of CTIA, a trade association representing the U.S.
wireless communications industry</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Recognized by leading market participants as a top executive &ndash; during her tenure as President, she led Asurion to be honored
by AT&amp;T as an outstanding supplier</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>&ldquo;Cindy has a talent for <B><U>acting as a change agent and guiding
large organizations and operations through new endeavors</U></B>. With years of experience in telecom&hellip;she will serve as a strong
addition to the board&hellip;&rdquo;</I> &ndash; Christopher Coughlin, former Chair of the Dun &amp; Bradstreet Board of Directors<FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>3</SUP></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><I>Kevin Kabat</I></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>Significant expertise leading and governing highly regulated public
companies</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><U>Experience and Expertise</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Distinguished track record of public company CEO experience from nearly ten years of service as the former CEO of Fifth Third Bancorp</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Immense public company governance experience at companies in highly regulated industries, as the Chair of Unum Group, the Chair of
Nisource, as the former Chair of AltiGlobal, and the former Lead Independent Director of E*TRADE</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#252;</FONT></TD><TD>Critical experience during M&amp;A processes &ndash; oversaw the successful spin-off of Fifth Third Bancorp&rsquo;s processing division
and the sale of E*TRADE to Morgan Stanley</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
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<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>2</SUP></FONT></TD><TD>Chambers and Partners Profile &ndash; &ldquo;Ari Q. Fitzgerald&rdquo;
(2023)</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>3</SUP></FONT></TD><TD>Dun &amp; Bradstreet Company Filing &ndash; &ldquo;Cindy Christy,
President and COO of Asurion Corporation, Joins Dun &amp; Bradstreet Board of Directors&rdquo; (August 5, 2015)</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>&ldquo;[Kevin] was absolutely the right guy at the right time &ndash;
it was a <B><U>hectic period that required someone smart, thoughtful, decisive</U></B> and who wouldn&rsquo;t shoot from the hip.&rdquo;</I>
&ndash; William Isaac, Former Chair of the Fifth Third Bancorp Board of Directors<FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>4</SUP></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>BOOTS CAPITAL&rsquo;S SLATE LACKS ADDITIVE SKILLS;
TED MILLER AND HIS NOMINEES ARE UNPREPARED TO OVERSEE A PUBLIC COMPANY THROUGH A COMPLEX AND IMPORTANT JUNCTURE</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">We believe Mr. Miller&rsquo;s top priority is to execute a self-serving
agenda, along with his son-in-law and two friends, at Crown Castle.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">The appointment of Mr. Miller to the Board is wholly inappropriate given
his lack of relevant experience since leaving Crown Castle 22 years ago. Additionally, the appointment of the Boots Capital nominees would
create an exceedingly disproportionate level of influence relative to Boots Capital&rsquo;s ownership position of only 0.18%
of Crown Castle stock.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Moreover, Mr. Miller and his nominees do not possess any experience or
skillsets that would be additive to the Board&rsquo;s slate of highly qualified director nominees.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><I>Ted Miller</I></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Retired from Crown Castle over two decades ago and his previous tenure at the Company concluded unsuccessfully</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>TSR during Mr. Miller's tenure as CEO: -41%<FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>5</SUP></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>TSR during Mr. Miller's tenure as Chair: -88%<FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>6</SUP></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>No public company executive or operational roles in over two decades</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Lacks the experience needed for today&rsquo;s dynamic operating environment, in light of changes to industry landscape over the past
two decades</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Over Crown Castle&rsquo;s mandatory director retirement age of 72</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><U>POTENTIAL IMPACT: </U></B><U>By replacing P. Robert Bartolo, potential
loss of significant telecom investor experience</U></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><I>Charles Green</I></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Retired from Crown Castle over two decades ago</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>No background in U.S. corporate governance or board service</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>CFO experience is already present on the Board through Messrs. Singer and Patel</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Clear affiliation with, and allegiance to, Mr. Miller &ndash; current professional experience includes advising PowerX Technology,
of which Mr. Miller is a significant shareholder</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Over Crown Castle&rsquo;s mandatory director retirement age of 72</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>4</SUP></FONT></TD><TD>Cincinnati.com &ldquo;Kabat&rsquo;s legacy: Bringing Fifth Third
&lsquo;back from the brink&rsquo;&rdquo; (July 8, 2015)</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>5</SUP></FONT></TD><TD>TSR during Mr. Miller&rsquo;s tenure as CEO (from Crown Castle
Nasdaq IPO on August 18, 1998 to August 20, 2001)</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><SUP>6</SUP></FONT></TD><TD>TSR during Mr. Miller&rsquo;s tenure as Chair (from June 1, 1999
to August 2, 2002)</TD>
</TR></TABLE>
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    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><U>POTENTIAL IMPACT: </U></B><U>By replacing Ari Fitzgerald, potential
loss of Board diversity, FCC regulatory and specialized communications industry legal experience</U></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><I>Tripp Rice</I></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Clear allegiance to Mr. Miller as his son-in-law</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>No background in tower or fiber operations</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>No public company board experience</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Professional experience almost solely from working for Mr. Miller for the last 10 years</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Clear professional affiliation with Mr. Miller from his tenure at Boots Capital, 4M Management Partners, Visual Intelligence, and
PowerX Technology</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><U>POTENTIAL IMPACT: </U></B><U>By replacing Cindy Christy, potential
loss of Board diversity and extensive customer knowledge and expertise on current wireless industry dynamics</U></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><I>David Wheeler</I></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>No background in tower or fiber operations</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>No public company board experience</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Financial experience is already present on the Board through 11 out of 13 current Board members</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Clear affiliation with, and allegiance to, Mr. Miller &ndash; current professional experience includes serving as a consultant to
Mr. Miller&rsquo;s 4M Management Partners</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&times;</TD><TD>Within one year of Crown Castle&rsquo;s mandatory director retirement age of 72</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B><U>POTENTIAL IMPACT: </U></B><U>By replacing Kevin Kabat, potential
loss of leadership and governance experience in highly regulated industries</U></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>YOUR VOTE MATTERS - PROTECT
THE VALUE OF YOUR INVESTMENT BY VOTING THE </B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B><U>WHITE</U> PROXY CARD
OR VOTING INSTRUCTION FORM</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Crown Castle&rsquo;s strong Board nominees are
taking decisive actions to improve the Company&rsquo;s business and drive value for shareholders, and we believe that your current Board
is best positioned to strengthen&nbsp;Crown Castle&nbsp;and deliver on our objectives.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>We urge you to use the enclosed&nbsp;<U>WHITE</U>&nbsp;proxy
card or voting instruction form and vote &ldquo;FOR&rdquo; ONLY the 12 nominees proposed by the Board:&nbsp;</B>P. Robert Bartolo,&nbsp;Cindy
Christy,&nbsp;Ari Q. Fitzgerald,&nbsp;Jason Genrich,&nbsp;Andrea J. Goldsmith,&nbsp;Tammy K. Jones,&nbsp;Kevin T. Kabat,&nbsp;Anthony
J. Melone,&nbsp;Sunit S. Patel,&nbsp;Bradley E. Singer,&nbsp;Kevin A. Stephens&nbsp;and&nbsp;Matthew Thornton, III (collectively, &quot;Company
Nominees&quot;).</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Please note that your&nbsp;<B><U>WHITE</U></B>&nbsp;proxy
card or voting instruction form has more names on it than the 12 seats that are up for election, pursuant to the requirement that our
proxy card list Boots Capital&rsquo;s&nbsp;nominees in addition to the Company Nominees. Shareholders can vote&nbsp;&ldquo;FOR&rdquo;&nbsp;less
than 12 nominees at the 2024 Annual Meeting but cannot vote&nbsp;&ldquo;FOR&rdquo;&nbsp;more than 12 nominees.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>


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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">If you have already voted using a prior proxy card or voting instruction
form listing 13 Company Nominees, <B>your votes for all director nominees and other proposals will not be counted</B>. Accordingly, you
are urged to re-vote using the <B><U>WHITE</U></B> proxy card or voting instruction form listing 12 Company Nominees to ensure that your
vote is counted.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Your vote is extremely important no matter
how many shares you own.&nbsp;</B>Please cast your vote in advance of the 2024 Annual Meeting (whether or not you plan to attend the meeting)
by marking, signing, dating, and returning the enclosed&nbsp;<B><U>WHITE</U></B>&nbsp;proxy card or voting instruction form by mail in
the postage-paid envelope provided, or by voting via Internet or telephone following instructions on your <B><U>WHITE</U></B> proxy card
or voting instruction form.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">You may receive solicitation materials from&nbsp;Mr.
Miller, including an opposition proxy statement and gold proxy card.&nbsp;<B>The Board does NOT endorse Boots Capital&rsquo;s nominees
or Boots Capital&rsquo;s By-Laws Proposal and unanimously recommends that shareholders discard any proxy materials from&nbsp;Boots Capital.&nbsp;</B>If
you have already submitted a gold proxy card, you can revoke such proxy and vote for the Company Nominees and on the other matters to
be voted on at the 2024 Annual Meeting in one of the ways outlined above. Only your latest validly executed proxy card or voting instruction
form will count and you can revoke any proxy at any time prior to the 2024 Annual Meeting as described in the Company&rsquo;s proxy statement.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Please mark your&nbsp;<B><U>WHITE</U></B>&nbsp;proxy
card or voting instruction form carefully and vote &quot;FOR&quot; ONLY the 12 Company Nominees.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Thank you for your continued support.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Sincerely,</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">The Crown Castle Board of Directors</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">If you have any questions or require any assistance
with voting your shares, please call the Company&rsquo;s proxy solicitor:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>INNISFREE M&amp;A INCORPORATED<BR>
at<BR>
(877) 717-3904 (toll-free from&nbsp;the United States&nbsp;and&nbsp;Canada)<BR>
or<BR>
+1 (412) 232-3651 (from other locations).</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Advisors</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Morgan Stanley is serving as financial advisor,
and&nbsp;Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP&nbsp;is serving as legal counsel, to the Company.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>About&nbsp;Crown Castle</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Crown Castle&nbsp;owns, operates and leases
more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major
U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology
and wireless service &ndash; bringing information, ideas and innovations to the people and businesses that need them. For more information
on&nbsp;Crown Castle, please visit&nbsp;<FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><U>www.crowncastle.com</U>.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING
STATEMENTS</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">This press release contains forward-looking statements for purposes of
the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Statements that are not historical facts are hereby
identified as forward-looking statements. In addition, words such as &ldquo;estimate,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;project,&rdquo;
&ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;likely,&rdquo; &ldquo;predicted,&rdquo;
&ldquo;positioned,&rdquo; &ldquo;continue,&rdquo; &ldquo;target,&rdquo; &ldquo;seek,&rdquo; &ldquo;focus&rdquo; and any variations of
these words and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include
(1) statements and expectations regarding the process and outcomes of Company&rsquo;s Fiber Review Committee, including that it will help
enhance and unlock shareholder value, (2) that the actions set forth in this press release best position the Company for long term success,
including our Board&rsquo;s regular evaluation of all paths to enhance shareholder value, (3) that the Company will benefit from the experience
and insights of the directors and the new CEO, and (4) that the Company will identify the best path forward to capitalize on significant
opportunities for growth in our industry. Such forward-looking statements should, therefore, be considered in light of various risks,
uncertainties and assumptions, including prevailing market conditions, risk factors described in &ldquo;Item 1A. Risk Factors&rdquo; of
the Annual Report on Form 10-K for the fiscal year ended&nbsp;December 31, 2023&nbsp;and other factors. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected.
Unless legally required, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Our filings with the&nbsp;SEC&nbsp;are available through the&nbsp;SEC&nbsp;website
at&nbsp;<FONT STYLE="color: #0563C1"><U>www.sec.gov</U></FONT>&nbsp;or through our investor relations website at&nbsp;<FONT STYLE="color: #0563C1"><U>investor.crowncastle.com</U></FONT>.
We use our investor relations website to disclose information about us that may be deemed to be material. We encourage investors, the
media and others interested in us to visit our investor relations website from time to time to review up-to-date information or to sign
up for e-mail alerts to be notified when new or updated information is posted on the site.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Important Shareholder Information</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">The Company filed a definitive proxy statement and a&nbsp;<B><U>WHITE</U></B>&nbsp;proxy
card on April 11, 2024, as well as a proxy supplement and revised <B><U>WHITE</U></B> proxy card on April 22, 2024, with the SEC in connection
with its solicitation of proxies for its 2024 Annual Meeting. THE COMPANY&rsquo;S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE
PROXY STATEMENT AND THE PROXY SUPPLEMENT, THE ACCOMPANYING REVISED <B><U>WHITE</U></B> PROXY CARD, AND ANY AMENDMENTS AND SUPPLEMENTS
TO THESE DOCUMENTS WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN IMPORTANT INFORMATION. Stockholders may obtain the proxy statement and
the proxy supplement, any amendments or supplements to these documents and other documents, as and when they become available,&nbsp;without
charge from the SEC&rsquo;s website at&nbsp;<FONT STYLE="color: #0563C1"><U>www.sec.gov</U></FONT>.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Participant Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">The Company, its directors, director nominees, certain of its officers,
and other employees are or will be &ldquo;participants&rdquo; (as defined in Section 14(a) of the&nbsp;U.S.&nbsp;Securities Exchange
Act of 1934, as amended) in the solicitation of proxies from the Company&rsquo;s stockholders in connection with the matters to be considered
at the 2024 Annual Meeting. The identity, their direct or indirect interests (by security holdings or otherwise), and other information
relating to the participants is available in the Company&rsquo;s definitive proxy statement on Schedule 14A filed with the&nbsp;SEC&nbsp;on&nbsp;April
11, 2024, in the section entitled &ldquo;Beneficial Ownership of Common Stock&rdquo; (on page 90) and Appendix C (on page&nbsp;C-1).
To the extent the holdings by the &ldquo;participants&rdquo; in the solicitation reported in the Company&rsquo;s definitive proxy statement
have changed, such changes have been or will be reflected on &ldquo;Statements of Change in Ownership&rdquo; on Forms 3, 4 or 5 filed
with the SEC (where applicable). All these documents are or will be available free of charge at the SEC&rsquo;s website at&nbsp;<FONT STYLE="color: #0563C1"><U>www.sec.gov</U></FONT>.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>CONTACTS:</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Dan Schlanger, CFO<BR>
Kris Hinson, VP &amp; Treasurer<BR>
Crown Castle Inc.<BR>
713-570-3050</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>MEDIA</B>:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Andy Brimmer&nbsp;/&nbsp;Adam Pollack<BR>
Joele Frank,&nbsp;Wilkinson Brimmer Katcher<BR>
212-355-4449</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>









<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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